Summit County – Q1 2019
Summit County (Breckenridge, Copper Mountain, Keystone, Frisco, Dillon, Silverthorne, etc.) offers an unparalleled quality of life with ample year-round activities, a community feel, and breathtaking mountain vistas at every turn. Ideally located on the western side of the Continental Divide and less than a two-hour drive from Denver, Summit County attracts buyers from around the world.
LIV Sotheby’s International Realty produces a Micro Market Report focused on Summit County and the neighborhoods within it. As a whole, Summit County saw an increase in average price by an impressive 16.7% for Q1 of 2019 compared to 2018, increasing the average price for this year to $857,056. In addition, total dollar volume sold also increased by 4.6% compared to January through March of 2018.
Highlights from Summit County include an incredible 93.7% increase in average price for all properties in Copper Mountain, bringing the average price to $860,000 in 2019. This dramatic increase was due to a significant $3,380,000 single family home sale that occurred this year and no single family sale of this price point occurred during the same timeframe in 2018 for Copper Mountain. Condos, townhomes and duplexes for Copper Mountain also reported an increase in average price by 28%.
Silverthorne/Wildernest also show a profound statistic with properties sold increasing by 56% in 2019 to 39 properties sold. Keystone, a sought-after location with access to three separate mountains, displayed an increase in average price for single family homes by a noteworthy 50.9%.
As a continuously increasing popular market, Summit County draws buyers who are looking for the desired Colorado mountains lifestyle, without being too far from the city life of Denver. Many second-home owners within Summit County come from the Front Range because of this close proximity.
This Colorado Micro Market Report includes Real Estate data statistics for the following neighborhoods (single family, unless otherwise indicated):
Breckenridge, Copper Mountain, Dillon, Frisco, Keystone, and Silverthorne.